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Author Question: If a consumer prefers Apples to Bananas and prefers Bananas to Citrus Fruit, in order to satisfy ... (Read 149 times)

captainjonesify

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If a consumer prefers Apples to Bananas and prefers Bananas to Citrus Fruit, in order to satisfy assumptions about preferences she has to prefer
 
  A) Bananas to Apples.
  B) Citrus Fruit to Bananas.
  C) Apples to Citrus Fruit.
  D) Citrus Fruit to Apples.

Question 2

The assumption of completeness means that
 
  A) the consumer can rank all possible consumption bundles.
  B) more of a good is always better.
  C) the consumers can rank all affordable consumption bundles.
  D) all preferences conditions are met.


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bhavsar

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captainjonesify

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Reply 2 on: Jul 1, 2018
Gracias!


irishcancer18

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Reply 3 on: Yesterday
Excellent

 

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